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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: GraceZ who wrote (12856)8/21/2003 7:40:08 PM
From: gpowellRead Replies (1) of 306849
 
Very good post and nicely sums up the issue.

No doubt prop 13 has had unintended consequences. But I don't think the mindset was to do good - it was more about capping government spending - which was out of control due to inflation increased tax receipts.

Of course looks like the last 5 years spending has once again gotten out of control - can't blame inflation for that.
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